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Full-Text Articles in Social and Behavioral Sciences
Tying Requirements In Markets With Many Sellers: The Contact Lens Industry, Deborah Haas-Wilson
Tying Requirements In Markets With Many Sellers: The Contact Lens Industry, Deborah Haas-Wilson
Economics: Faculty Publications
The asymmetric information characterizing markets for professional services has been used to justify tying requirements and other restrictions on the business practices of professionals. In this paper the prices and quality effects of state restrictions that prohibit the fitting of contact lenses by independent opticians and thereby tie the sale of contact lenses to the services of ophthalmologists and optometrists are estimated. The results suggest that prices are significantly higher in markets with tying requirements, controlling for differences in quality and variations in other state commercial practice restrictions. The tying requirements and the commercial practice restrictions, however, appear to have …
The Law Of Nature In Locke's Second Treatise: Is Locke A Hobbesian?, John Patrick Coby
The Law Of Nature In Locke's Second Treatise: Is Locke A Hobbesian?, John Patrick Coby
Government: Faculty Publications
The question addressed by this essay is whether Thomas Hobbes is the true intellectual forebear of John Locke. A brief comparison of the teachings of these two authors with respect to natural justice and civil justice would seem to suggest that Locke is a determined adversary of Hobbes whose views on justice are reducible to the maxim that "might makes right." But a re-examination of Locke's Second Treatise shows that Locke adopts this principle with hardly less thoroughness than Hobbes. Even so, an important difference remains, for Locke takes steps to disguise the grim reality of power, whereas Hobbes makes …
Popular Sovereignty And Political Obligation In The Thought Of James Wilson, John Patrick Coby
Popular Sovereignty And Political Obligation In The Thought Of James Wilson, John Patrick Coby
Government: Faculty Publications
Popular sovereignty is the salient theme of James Wilson’s political thought. But Wilson is no less eager to prove that the sovereign people can oblige and bind themselves, or that liberty is consistent with law. He rests his case on a Thomistic view of natural law as reflected in Scottish Common-Sense philosophy; he also utilizes several of the “auxiliary precautions” of Federalism. However, he parts company with his Federalist brethren over the question of representation, and he anticipates a fair degree of republican virtue as a consequence of the act of voting. He further supposes that the people can be …